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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Bahraini Dinar/US Dollar (FOREX:BHDUSD)
Sidelines Mode (+55) - BHDUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BHDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BHDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BHDUSD
The long-term trend has been DOWN since Oct 6th, 2023 at 2.6474054
The intermediate-term trend has been UP since Apr 15th, 2024 at 2.6540036
The short-term trend has been DOWN since Apr 17th, 2024 at 2.6527039
Smart Scan Analysis for BHDUSD
Based on our trend formula, BHDUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.6530053 | 2.6533576 | 2.6527405 | 2.6527405 | -0.0002650 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.6532872 | 2024-04-18 16:49:39 |